Robert K. Merton listed six possible causes of unanticipated consequences: 1) Ignorance, 2) Error in analysis, 3) Immediate interests, 4) Basic values, 5) Self-defeating prophecy, 6) Relevance
Monday, September 27, 2010
Saturday, September 25, 2010
The Market War Between Traders and Investors Heats Up
HFT should absolutely be banned. It is not a trading strategy; it is an exploitation of the market - an unfair advantage that a few large traders have. It is effectively cheating, largely at the expense of individual investors.
G.O.P. Cites Tax Cuts and Health Care as Main Focus
Duh-um. If this is the definition of a "concrete plan," it's no wonder that this country's infrastructure is in such a state of disrepair. Do your country a favor in November - do not vote for any incumbents or any professional politicians.
Amid mountain of paperwork, shortcuts and forgeries mar foreclosure process
When the tide goes out, you see all the crap left on the beach. The volume of foreclosures will take an extraordinary amount of time to work through - these errors will prolong that period. We are living in a lost decade.
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